Can the Bank Repossess My Car?

The thought of the bank repossessing your car can be a frightening one. It’s important to understand that the bank can take back a vehicle if payments are not made in full and on time. However, knowing what to expect from this process is key to protecting yourself and understanding when you may need an attorney to assist.

To start, determine whether you have a secured debt or unsecured debt with the lender. A secured debt requires collateral, such as a car loan for example; an unsecured debt does not require collateral but still must be paid in full before the lender takes action. If you have taken out a secured loan for your car, then it is possible for the bank to repossess it if payments are not made on time.

The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706